Truss Chain LLC
Last Modified: December 5, 2018
Certain services may be subject to additional terms and conditions specified by us from time to time, and your use of such services is subject to those additional terms and conditions, which are hereby incorporated into these Terms by reference.
Truss Chain does not endorse or recommend any particular Asset-Backed Token, transaction, or purchasing strategy. No content on the Truss Chain website nor communications with company personnel constitutes purchase or investment advice. Independent advice should be sought where appropriate. You acknowledge and agree that all transaction decisions are made solely by you and Truss Chain bears no responsibility or liability for the outcome of your decisions.
THE RISK OF LOSS IN BUYING OR SELLING A DIGITAL ASSET LIKE TRUSS (TRS) AND REAL ESTATE OR OTHER ASSET-BACKED TOKENS (“ABTs”) CAN BE SUBSTANTIAL. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER BUYING OR SELLING DIGITAL ASSETS AND ASSET-BACKED TOKENS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION.
Please read this agreement carefully to ensure that you understand each provision.
1. Use of Our Service
This is a contract between you and Truss Chain. You must read and agree to these Terms before using the Service. If you do not agree, you may not use the Service. You may use the Service only if you can form a legally binding contract with Truss Chain, and only if you are in compliance with these Terms and all applicable local, national, and international laws, rules and regulations. Any use or access to the Service by anyone under 18 is strictly prohibited and in violation of these Terms. The Service is not available to any Users previously removed from the Service by Truss Chain.
Our security tokens and traditional securities underlying our tokens are registered according to Mongolian securities laws and regulations. Citizens and residents of the United States and the People's Republic of China and any other jurisdictions where security tokens are illegal or subject to additional registration requirements are not eligible to use our service with the exception of accredited investors in the United States. Such accredited investors may be asked for additional documents to verify their accredited status during the KYC and user registration process.
B. Truss Chain Service
The Service allows you to buy and sell Asset-Backed Tokens on TREE with other Users. To trade an Asset-Backed Token to Truss Chain, you submit a trade order. To submit an order, you first (i) select the Asset-Backed Token that you want to “Buy” or “Sell” with the Truss token (TRS); (ii) Set the amount of the ABT you wish to trade and (iii) set the limit price in TRS. Note that Aa limit order is an order to buy or sell an asset at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute. The trade is executed when a buyer or seller submits a corresponding order at the same or better price. Note that only a portion of your order may be executed. Also, there is no guarantee that your order will be executed at all in the case that another user does not submit a corresponding order. Truss Chain may charge you a trading fee to process the trade. Truss Chain will post publicly the fee schedule if and when imposed and will inform the User at the time of the order submission what the fee may be. Truss Chain may change the fee at any time, but will update the fee schedule to inform Users. Truss Chain, at its discretion, may modify or update the Service, in whole or in part at any time.
Subject to these Terms, you are hereby granted a non-exclusive, limited, non-transferable, freely revocable license to access and use the Service for your use and as permitted by the features of the Service. You are prohibited from using Truss Chain for any illegal or fraudulent purposes or for the purpose of consummating transactions for any other parties. For the avoidance of doubt, you must be the beneficial owner of the Asset-Backed Tokens, as well as the sending address and the destination address for any trade within TREE or any digital asset transaction to or from the Truss Platform. Truss Chain reserves all rights not expressly granted herein in the Service and the Truss Chain Content (as defined below). Truss Chain may terminate this license at any time for any reason or no reason.
C. Truss Chain App
We may make available software to access the Service via an App. To use the App you must have a mobile device that is compatible with the App. Truss Chain does not warrant that the App will be compatible with your mobile device. You may use mobile data in connection with the App and may incur additional charges from your wireless provider for these services. You agree that you are solely responsible for any such charges. Truss Chain hereby grants you a non-exclusive, non-transferable, revocable license to use a compiled code copy of the App for one Truss Chain account on mobile devices owned or leased solely by you, for your personal use. You acknowledge that Truss Chain may from time to time issue upgraded versions of the App. You consent to such automatic upgrading on your mobile device, and agree that these Terms will apply to all such upgrades. Any third-party code that may be incorporated in the App is covered by the applicable open source or third-party license end-user license agreement, if any, authorizing use of such code. The foregoing license grant is not a sale of the App or any copy thereof, and Truss Chain or its third-party partners or suppliers retain all rights, title, and interest in the App (and any copy thereof). Any attempt by you to transfer any of the rights, duties or obligations hereunder, except as expressly provided for in these Terms, is void. Truss Chain reserves all rights not expressly granted under these Terms. You agree to comply with all Mongolian and foreign laws related to use of the App and the Service.
D. Truss Chain Accounts
Your Truss Chain account gives you access to the Service and any other functionality that we may establish and maintain from time to time and in our sole discretion. We may maintain different types of accounts for different types of Users. If you open a Truss Chain account on behalf of an organization, or other entity, then (i) “you” includes you and that entity, and (ii) you represent and warrant that you are an authorized representative of the organization or entity with the authority to bind the organization or entity to these Terms, and that you agree to these Terms on the entity’s behalf.
You may never use another User’s account without permission. When creating your account, you must provide accurate and complete information, and you must keep this information up to date.
During registration of your account, you agree to provide us with the information we request for the purposes of identity verification and the detection of money laundering, terrorist financing, fraud, or any other financial crime and permit us to keep a record of such information. You will need to complete certain verification procedures before you are permitted to use the Service. Your access to the Service and the limits that apply to your use of the Service, may be altered as a result of information collected about you on an ongoing basis. You authorize us to make inquiries, whether directly or through third parties, that we consider necessary to verify your identity or protect you and/or Us against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries. When we carry out these inquiries, you acknowledge and agree that your personal information may be disclosed to and fraud prevention or financial crime agencies and that these agencies may respond to our inquiries in full. This is an identity check only.
Only individuals or institutions that have created a login and successfully completed our identity verification process are considered Truss Chain account holders or members. You are solely responsible for the activity that occurs on your account, and you must keep your account password secure. We encourage you to use “strong” passwords (passwords that use a combination of upper and lower case letters, numbers and symbols) with your account. You must notify Truss Chain immediately of any breach of security or unauthorized use of your account by emailing us at firstname.lastname@example.org. Truss Chain will not be liable for any losses caused by any unauthorized use of your account.
You may control your User profile and how you interact with the Service by changing the settings in your account settings page. By providing Truss Chain your email address you consent to our using the email address to send you Service-related notices, including any notices required by law, in lieu of communication by postal mail. We may also use your email address to send you other messages, such as changes to features of the Service and newsletters. If you do not want to receive such email messages, you may opt out by clicking “unsubscribe”, or something similar in the email message. Opting out may prevent you from receiving email messages regarding updates, improvements, or offers.
E. Service Rules
You agree not to engage in any of the following prohibited activities: (i) modifying, disassembling, decompiling or reverse engineering the Service or the app; (ii) renting, leasing, loaning, reselling, sublicensing, or otherwise transferring the App to any third party or use the App to provide time sharing or similar services for any third party; (iii) other than as specifically approved in writing, any copying, distributing, or disclosing any part of the Service in any medium, including without limitation by any automated or non-automated “scraping”; (iv) other than as specifically approved in writing, using any automated system, including without limitation “robots,” “spiders,” “offline readers,” etc., to access the Service in a manner that sends more request messages to the Truss Chain servers than a human can reasonably produce in the same period of time by using a conventional on-line web browser (except that Truss Chain grants the operators of public search engines revocable permission to use spiders to copy publicly available materials from the Websites for the sole purpose of and solely to the extent necessary for creating publicly available searchable indices of the materials, but not caches or archives of such materials); (v) transmitting spam, chain letters, or other unsolicited email; (vi) attempting to interfere with, compromise the system integrity or security or decipher any transmissions to or from the servers running the Service; (vii) taking any action that imposes, or may impose at our sole discretion an unreasonable or disproportionately large load on our infrastructure; (viii) uploading invalid data, viruses, worms, or other software agents through the Service; (ix) collecting or harvesting any personally identifiable information, including account names, from the Service; (x) using the Service for any commercial solicitation purposes; (xi) impersonating another person or otherwise misrepresenting your affiliation with a person or entity, conducting fraud, hiding or attempting to hide your identity; (xii) interfering with the proper working of the Service; (xiii) accessing any content on the Service through any technology or means other than those provided or authorized by the Service; (xiv) bypassing the measures we may use to prevent or restrict access to the Service, including without limitation removing, circumventing, disabling or otherwise interfering with security-related features or features that prevent or restrict use or copying of any content or enforce limitations on use of the Service or the content therein; or (xv) deleting the copyright and other proprietary rights notices.
F. Prohibited Activity
In connection with your use of the Service, and your interactions with other Users, and third parties you agree and represent you will not engage in any prohibited business or prohibited use, as discussed in these Terms of Service (“Prohibited Activity”). The list of Prohibited Activities may be updated by Truss Chain at any time at its discretion. We reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, sanctions programs, legal process or governmental request. We reserve the right to cancel and/or suspend your account and/or block transactions without notice if we determine, in our sole discretion, that your account is associated with a Prohibited Activity.
We also reserve the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, sanctions programs, legal process, or governmental request. We reserve the right to cancel and/or suspend your Account and/or block transactions or freeze funds immediately and without notice if we determine, in our sole discretion, that your Account is associated with a Prohibited Activity.
2. Digital Asset and Asset-Backed Token Transactions
A. Transaction Processing. Truss Chain reserves the right to refuse to process or to cancel any pending trade or transaction as required by law or in response to a subpoena, court order, or other binding government order or to enforce any transaction limits. Truss Chain further reserves the right to delay any trade or transaction if it perceives a risk of fraud or illegal activity. Truss Chain further reserves the right to refuse to process or cancel any trade or transaction due to technological issues with the blockchain software, Truss Chain software, or for other technological reasons. Truss Chain cannot reverse a transaction which has been broadcast to a blockchain network. The Service is available only in connection with those Asset-Backed Tokens and transaction limits that Truss Chain, in its sole discretion, decides to support. The Asset-Backed Tokens and transaction limits that Truss Chain supports may change from time to time. Under no circumstances should you attempt to use the Services to store, send, request, or receive Digital Assets or Asset-Backed Tokens in any form that are not supported by Truss Chain. Truss Chain assumes no responsibility or liability in connection with any attempt to use the Service for Digital Assets or Asset-Backed Tokens that Truss Chain does not support.
B. Underlying Protocols. Truss Chain does not own or control the underlying software protocols which govern the operation of the Asset-Backed Tokens supported on our Service. In general, the underlying protocols are open source and anyone can use, copy, modify, and distribute them. By using the Service you acknowledge and agree (i) that Truss Chain is not responsible for the operation of the underlying protocols and that Truss Chain makes no guarantee of their functionality, security, or availability; and (ii) that the underlying protocols are subject to sudden changes in operating rules, which may materially affect the value, function, our ability to have a particular asset listed on our site.
C. Cancellations. You cannot reverse, or change any trade or transaction marked as complete. You may cancel your account by emailing us at email@example.com, however there are no refunds for cancellation of your account.
D. Taxes. It is your sole responsibility to determine whether, and to what extent, any taxes apply to any transactions you conduct through the Service, and to withhold, collect, report and remit the correct amounts of taxes to the appropriate tax authorities. Your transaction history is available through your account.
E. No Sales to Children. Truss Chain’s Service is not for children, but only for adults. If you are under eighteen (18) years of age, you may use the Service only with involvement and consent of a parent or legal guardian.
3. User Content
We do not claim ownership of user-generated content and material. Any and all photographs, articles, images, graphics, videos, sounds, music, audio recordings, text, files, profiles, communications, comments, feedback, suggestions, ideas, concepts, questions, data or other content that you (a) submit or post on or through the Service, on any of our blogs, social media accounts or through tools or applications we provide for posting or sharing such content with us; or (b) have posted or uploaded to your social media accounts, including but not limited to Instagram, Twitter, Facebook, Tumblr, Gravatar and Pinterest, which are tagged with any Truss Chain promoted hashtag (collectively “User Content”) shall be deemed nonconfidential and nonproprietary. By submitting or posting any User Content, you grant to Truss Chain and its affiliates a perpetual, irrevocable, royalty-free, worldwide, sublicensable and transferable license to copy, publish, translate, modify, delete, reformat, create derivative works from, distribute, reproduce, sell, display, transmit, publish, broadcast, host, archive, store, cache, use or otherwise exploit all or any portion of the User Content, as well as your name, persona and likeness included in any User Content and your social media account handle, username, real name, profile picture and/or any other information associated with the User Content, in any commercial or noncommercial manner whatsoever, in whole or in part, in any and all distribution channels, forms, media or technology, whether now known or hereafter developed, including but not limited to in stores, printed marketing materials, emails, web pages, social media accounts and for any other marketing, advertising, public relations, sales or promotional purposes with or without attribution and without further notice to you. Neither you, nor any other person or entity, will have the right to (i) receive any royalty or consideration of any kind for the use of the User Content pursuant to these Terms or (ii) inspect or approve the editorial copy or other material that may be used in connection with the User Content. Truss Chain will be free to use any ideas, concepts, know-how or techniques contained in such User Content for any purpose whatsoever, including but not limited to developing, manufacturing and marketing products that incorporate or otherwise rely upon such information. Truss Chain shall have no obligation to monitor User Content, use or display User Content, compensate you for submitting User Content or respond to any User Content. Truss Chain retains the right, in its sole discretion and without prior notice, to remove, revise or refuse to post any User Content for any reason or no reason. Subject to the licenses granted in these Terms, you retain ownership of any copyright and other rights you may have in the User Content.
By submitting or posting User Content on the Service or through any tools or applications we provide for posting or sharing your User Content with us, you represent and warrant that (a) you own or control any and all rights in and to the User Content, and the right to grant all of the rights and licenses in these Terms, and if you are not the holder of such rights, the holder of such rights has completely and effectively waived all such rights and irrevocably granted you the right to grant the licenses stated above without the need for payment to you or any other person or entity; (b) you have obtained permission from any individuals that appear in the User Content to use, and grant others the right to use, their name, image, voice and/or likeness without the need for payment to you or any other person or entity; (c) you are 18 years of age or older; and (d) the User Content does not (1) contain false or misleading information, (2) infringe on the intellectual property, privacy, publicity, statutory, contractual or other rights of any third party, (3) contain any libelous, defamatory, obscene, offensive, threatening or otherwise harassing or hateful content, (4) contain any personally identifiable information or any contact information or (5) contain computer viruses, worms or other harmful files. Upon request by Truss Chain, you will furnish Truss Chain any documentation, substantiation or releases necessary to verify your compliance with these Terms. You are solely responsible for the User Content and you hereby agree to indemnify and hold Truss Chain and its employees, agents, affiliates, assigns and licensees harmless from any and all damages, claims, expenses, costs or fees arising from or in connection with a breach of any of the foregoing representations or your violation of any law or rights of a third party.
Truss Chain does not guarantee the truthfulness, accuracy or reliability of any User Content or endorse any opinions expressed by you or anyone else. By submitting or posting the User Content you fully and unconditionally release and forever discharge Truss Chain and its officers, directors, employees and agents from any and all claims, demands and damages (actual or consequential, direct or indirect), whether now known or unknown, of every kind and nature relating to, arising out of or in any way connected with: (A) disputes between you and one or more users or any other person or entity, or (B) the use by Truss Chain or you of the User Content, including, without limitation, any and all claims that use of the User Content pursuant to these Terms violates any of your intellectual property rights, copyrights, rights of publicity or privacy, “moral rights,” or rights of attribution and integrity. You acknowledge and agree that Truss Chain has no control over, and shall have no liability for any damages resulting from, the use (including, without limitation, re-publication) or misuse by you or any third party of any User Content. Truss Chain acts as a passive conduit for User Content and has no obligation to screen or monitor User Content. If Truss Chain becomes aware of any User Content that allegedly may not conform to these Terms, Truss Chain may investigate the allegation and determine in its sole discretion whether to take action in accordance with these Terms. Truss Chain has no liability or responsibility to Users for performance or nonperformance of such activities.
Truss Chain has the absolute right to remove and/or delete without notice any User Content within its control that it deems objectionable. You consent to such removal and/or deletion and waive any claim against Truss Chain for such removal and/or deletion. Truss Chain is not responsible or liable for failure to store posted content or other materials you transmit through the Service. You should take measures to preserve copies of any data, material, content or information you post on the Service or any other sites or platforms.
4. Our Proprietary Rights
Except for your User Content, the Service and all materials therein or transferred thereby, including, without limitation, software, images, text, graphics, illustrations, logos, patents, trademarks, service marks, copyrights, photographs, audio, videos, music, and User Content belonging to other Users (the “Truss Chain Content”), and all Intellectual Property Rights (defined below) related thereto, are the exclusive property of Truss Chain and its licensors (including other Users who post User Content to the Service). Except as explicitly provided herein or in any applicable additional terms and conditions, nothing in these Terms shall be deemed to create a license in or under any such Intellectual Property Rights, and you agree not to sell, license, rent, modify, distribute, copy, reproduce, transmit, publicly display, publicly perform, publish, adapt, edit or create derivative works from any Truss Chain Content, absent specific consent in writing from Truss Chain. Use of the Truss Chain Content for any purpose not expressly permitted by these Terms is strictly prohibited.
For the purposes of these Terms, “Intellectual Property Rights” means all patent rights, copyright rights, mask work rights, moral rights, rights of publicity, trademark, trade dress and service mark rights, goodwill, trade secret rights and other intellectual property rights as may now exist or hereafter come into existence, and all applications therefore and registrations, renewals and extensions thereof, under the laws of any state, country, territory or other jurisdiction.
You may choose to or We may invite you to submit comments or ideas about the Service, including without limitation about how to improve the Service or our products (“Ideas”). By submitting any Ideas, you agree that your disclosure is gratuitous, unsolicited and without restriction and will not place Truss Chain under any fiduciary or other obligation, and that we are free to use the Ideas without any additional compensation to you, and/or to disclose the Ideas on a non-confidential basis or otherwise to anyone. You further acknowledge that, by acceptance of your submission, Truss Chain does not waive any rights to use similar or related ideas previously known to Truss Chain, or developed by its employees, or obtained from sources other than you.
Truss Chain respects the privacy of its users by not requesting any information that is unnecessary for the use of the Service or to comport with our obligations under applicable law. Truss Chain also does not in any way obscure the blockchain information that it does request or obtain. Due to the inherent transparency of blockchains, transactions to and from Truss Chain are public and easily correlated. Attempting to utilize Truss Chain to obscure transactions or assets in any way is pointless, ineffective, and ill-advised. Law enforcement has full access to blockchain information that goes in or out of Truss Chain’s system.
You accept that Truss Chain will comply willingly with all legal requests for information from it. We reserve the right to provide information to law enforcement personnel and other third parties to answer inquiries, participate in investigations, respond to legal process, respond to the order of a court of competent jurisdiction and those exercising the court’s authority, and to protect Truss Chain and our users.
Truss Chain cares about the integrity and security of your personal information, and stores all personal information provided by users in an encrypted fashion. However, we cannot guarantee that unauthorized third parties will never be able to defeat our security measures or use your personal information for improper purposes. You acknowledge that you provide your personal information at your own risk.
7. Third-Party Links and Information
8. Suspension, Termination and Cancellation
We may, without prior notice, suspend the Service, change the Service; stop providing the Service or features of the Service, to you or to Users generally; or create usage or Transaction limits for the Service. We may permanently or temporarily terminate or suspend your access to the Service without notice and liability for any reason, including if in our sole determination you violate any provision of these Terms, or Truss Chain may: (a) suspend, restrict, or terminate your access to any or all of the Services, and/or (b) deactivate or cancel your account if: (i) we are so required by a facially valid subpoena, court order, or binding order of a government authority; (ii) we reasonably suspect you of using the Service in connection with a Prohibited Activity; (iii) use of your account is subject to any pending litigation, investigation, or government proceeding and/or we perceive a heightened risk of legal or regulatory non-compliance associated with your account activity; (iv) our service partners are unable to support your use; (v) you take any action that Truss Chain deems as circumventing Truss Chain’s controls, including, but not limited to, opening multiple accounts, consummating transactions for the benefit of a third party or abusing promotions which Truss Chain may offer from time to time; (vi) suspend or terminate your account or access to the Service for no reason. Upon termination for any reason or no reason, you continue to be bound by these Terms.
You are solely responsible for your interactions with other Truss Chain Users. We reserve the right, but have no obligation, to monitor disputes between you and other Users. Truss Chain shall have no liability for your interactions with other Users, or for any User’s action or inaction.
If Truss Chain suspends or closes your account, or terminates your use of the Service, in whole or in part, for any reason, we will use commercially reasonable efforts to provide you with notice of our actions unless a court order or other legal process prohibits Truss Chain from providing you with such notice. You acknowledge that Truss Chain’s decision to take certain actions, including limiting access to, suspending, or closing your account, may be based on confidential criteria that are essential to Truss Chain’s risk management and security protocols. You agree that Truss Chain is under no obligation to disclose the details of its risk management and security procedures to you.
You agree to defend, indemnify and hold harmless Truss Chain and its subsidiaries, agents, licensors, managers, and other affiliated companies, and their employees, contractors, agents, officers and directors, from and against any and all claims, damages, obligations, losses, liabilities, costs or debt, and expenses (including but not limited to attorney’s fees) arising from: (a) your use of and access to the Service, including any data or content transmitted or received by you; (b) your violation of any term of these Terms, including without limitation your breach of any of the representations and warranties above; (c) your violation of any third-party right, including without limitation any right of privacy or Intellectual Property Rights; (d) your violation of any applicable law, rule or regulation; (e) User Content or any content that is submitted via your account including without limitation misleading, false, or inaccurate information; (f) your willful misconduct; or (g) any other party’s access and use of the Service with your unique username, password or other appropriate security code.
10. No Warranty
The Service is provided on an “as is” and “as available” basis. Use of the Service is at your own risk. To the maximum extent permitted by applicable law, the Service is provided without warranties of any kind, whether express or implied, including, but not limited to, implied warranties of merchantability, fitness for a particular purpose, or non-infringement. No advice or information, whether oral or written, obtained by you from Truss Chain or through the Service will create any warranty not expressly stated herein. Without limiting the foregoing, Truss Chain, its subsidiaries, its affiliates, and its licensors do not warrant that the content is accurate, reliable or correct; that the Service will meet your requirements; that the Service will be available at any particular time or location, uninterrupted or secure; that any defects or errors will be corrected; or that the Service is free of viruses or other harmful components. Any content downloaded or otherwise obtained through the use of the Service is downloaded at your own risk and you will be solely responsible for any damage to your computer system or mobile device or loss of data that results from such download or your use of the Service.
Truss Chain does not warrant, endorse, guarantee, or assume responsibility for any product or service advertised or offered by a third party through the Service or any hyperlinked website or service, and Truss Chain will not be a party to or in any way monitor any transaction between you and third-party providers of products or services.
Certain jurisdictions do not allow the exclusion and limitations of certain implied warranties, so the above exclusions may not apply to you. This agreement gives you specific legal rights, and you may also have other rights which vary from jurisdiction to jurisdiction. The disclaimers and exclusions under this agreement will not apply to the extent prohibited by applicable law.
11. Limitation of Liability
To the maximum extent permitted by applicable law, in no event shall Truss Chain, its affiliates, agents, directors, employees, suppliers or licensors be liable for any indirect, punitive, incidental, special, consequential or exemplary damages, including without limitation damages for loss of profits, goodwill, use, data or other intangible losses, arising out of or relating to the use of, or inability to use, this service. Under no circumstances will Truss Chain be responsible for any damage, loss or injury resulting from hacking, tampering or other unauthorized access or use of the Service or your account or the information contained therein.
To the maximum extent permitted by applicable law, Truss Chain assumes no liability or responsibility for any (a) errors, mistakes, or inaccuracies of content; (b) personal injury or property damage, of any nature whatsoever, resulting from your access to or use of our service; (c) any unauthorized access to or use of our secure servers and/or any and all personal information stored therein; (d) any interruption or cessation of transmission to or from the Service; (e) any bugs, viruses, trojan horses, or the like that may be transmitted to or through our service by any third party; (f) any errors or omissions in any content or for any loss or damage incurred as a result of the use of any content posted, emailed, transmitted, or otherwise made available through the Service; and/or (g) User Content or the defamatory, offensive, or illegal conduct of any third party. In no event shall Truss Chain, its affiliates, agents, directors, employees, suppliers, or licensors be liable to you for any claims, proceedings, liabilities, obligations, damages, losses or costs in an amount exceeding the amount you paid to Truss Chain hereunder or one hundred u.s. dollars (usd $100.00), whichever is greater.
This limitation of liability section applies whether the alleged liability is based on contract, tort, negligence, strict liability, or any other basis, even if Truss Chain has been advised of the possibility of such damage. The foregoing limitation of liability shall apply to the fullest extent permitted by law in the applicable jurisdiction.
Some states or jurisdictions do not allow the exclusion or limitation of incidental or consequential damages, so the above limitations or exclusions may not apply to you. This agreement gives you specific legal rights, and you may also have other rights which vary from state to state or jurisdiction. The disclaimers, exclusions, and limitations of liability under this agreement will not apply to the extent prohibited by applicable law.
12. Governing Law, Arbitration
A. Governing Law. These Terms shall be governed by the internal substantive laws of Mongolia, without respect to its conflict of laws principles. You agree to submit to the personal jurisdiction of the courts located in Ulaanbaatar, Mongolia for any actions for which we retain the right to seek injunctive or other equitable relief in a court of competent jurisdiction to prevent the actual or threatened infringement, misappropriation or violation of a our copyrights, trademarks, trade secrets, patents, or other intellectual property or proprietary rights, as set forth in the Arbitration provision below, including any provisional relief required to prevent irreparable harm. You agree that Mongolia is the proper forum for any appeals of an arbitration award or for trial court proceedings in the event that the arbitration provision below is found to be unenforceable.
B. Arbitration. Read this section carefully because it requires the parties to arbitrate their disputes and limits the manner in which you can seek relief from Truss Chain. For any dispute with Truss Chain, you agree to first contact us at firstname.lastname@example.org and attempt to resolve the dispute with us informally. In the unlikely event that Truss Chain has not been able to resolve a dispute it has with you after sixty (60) days, we each agree to resolve any claim, dispute, or controversy (excluding any claims for injunctive or other equitable relief as provided below) arising out of or in connection with or relating to these Terms, or the breach or alleged breach thereof (collectively, “Claims”), by binding arbitration by in accordance with Mongolian law in force on the date on which the notice of arbitration is submitted in accordance with those rules. The arbitration will be conducted in Ulaanbaatar, Mongolia, in Mongolian with English translation available upon request, unless you and Truss Chain agree otherwise. If you are using the Service for commercial purposes, each party will be responsible for paying any Arbitration Institution fees, administrative and arbitrator fees in accordance with Arbitration Institution rules, and the award rendered by the arbitrator shall include costs of arbitration, reasonable attorneys’ fees and reasonable costs for expert and other witnesses. If you are an individual using the Service for non-commercial purposes: (i) Arbitration Institution may require you to pay a fee for the initiation of your case, unless you apply for and successfully obtain a fee waiver from Arbitration Institution; (ii) the award rendered by the arbitrator may include your costs of arbitration, your reasonable attorney’s fees, and your reasonable costs for expert and other witnesses; and (iii) you may sue in a small claims court of competent jurisdiction without first engaging in arbitration, but this does not absolve you of your commitment to engage in the informal dispute resolution process. Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction. Nothing in this Section shall be deemed as preventing Truss Chain from seeking injunctive or other equitable relief from the courts as necessary to prevent the actual or threatened infringement, misappropriation, or violation of our data security, Intellectual Property Rights or other proprietary rights.
A. Assignment. These Terms, and any rights and licenses granted hereunder, may not be transferred or assigned by you, but may be assigned by Truss Chain without restriction. Any attempted transfer or assignment in violation hereof shall be null and void.
B. Notification Procedures and Changes to these Terms. Truss Chain may provide notifications, whether such notifications are required by law or are for marketing or other business related purposes, to you via email notice, written or hard copy notice, or through posting of such notice on our website, as determined by Truss Chain in our sole discretion. Truss Chain reserves the right to determine the form and means of providing notifications to our Users, provided that you may opt out of certain means of notification as described in these Terms. Truss Chain is not responsible for any automatic filtering you or your network provider may apply to email notifications we send to the email address you provide us. Truss Chain may, in its sole discretion, modify or update these Terms from time to time, and so you should review this page periodically. When we change these Terms in a material manner, we will update the ‘last modified’ date at the bottom of this page and notify you that material changes have been made to these Terms. Your continued use of the Service after any such change constitutes your acceptance of the new Terms of Service. If you do not agree to any of these terms or any future Terms of Service, do not use or access (or continue to access) the Service.
C. Entire Agreement/Severability. These Terms, together with any additional terms, amendments and any additional agreements you may enter into with Truss Chain in connection with the Service, shall constitute the entire agreement between you and Truss Chain concerning the Service. If any provision of these Terms is deemed invalid by a court of competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms, which shall remain in full force and effect.
D. No Waiver. No waiver of any term of these Terms shall be deemed a further or continuing waiver of such term or any other term, and Truss Chain’s failure to assert any right or provision under these Terms shall not constitute a waiver of such right or provision.
E. Contact. Please contact us by email at email@example.com